Education kit: What are the odds? - Powerhouse Museum

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5. Crime and safety, Australian Bureau of Statistics, Australia, 2002. Language What are the odds? • ‘Long’ odds --- in gambling it implies there is little likelihood that the situation will happen and means a large payout if it does. • ‘Short’ odds --- means a small payout as it is thought there is much likelihood that the situation will happen. Resource • Download the PlaySmart brochure on ‘Know the odds of your numbers coming up’ from http://www.dgr.nsw.gov.au/IMAGES/GAMING/PlaySmart/ brochures/english/2_english.pdf Did you know? The chance of winning the top prize on a $2 instant scratchie is 1 in 960 000 The chance of winning Division One Oz Lotto with one game, by choosing all six winning numbers, is 1 in 8 145 060 The chance of getting all five winning numbers plus the Powerball with a single 50 cent game is 1 in 54 979 155 The chance 5 that your family would have your car stolen during the 12 months prior to April 2002 was 1 in 56 The chance 5 that your house would be broken into during the 12 months prior to April 2002 was 1 in 21.1 The chance 5 that you could die in a transport accident in 2000 was 1 in 9524. EDUCATION KIT 18
6. NSW State Lottery Office. Scratch lotteries Are you joking? What are the odds? A mathematician and a non-mathematician are sitting in an airport hall waiting for their flight. The non-mathematician has terrible flight panic. ‘Hey, don’t worry, it’s just every 10 000th flight that crashes.’ ‘1 in 10 000? So many? Then it surely will be mine!’ ‘Well, there is an easy way out. Simply take the next plane. It’s much more probable that you go from a crashing to a non-crashing plane than the other way around. So you are already at 1 in 10 000 squared.’ [source: http://www.ahajokes.com] 1. There are 960 000 tickets sold in a $2 scratch lottery. 6 a. Calculate the total value of the tickets. b. Write this amount in words. 2. Newsagents are paid 15 cents commission for each ticket they sell. How much commission is paid for the 960 000 tickets? EDUCATION KIT 19
Page 2 and 3: First published in 2004 Powerhouse
Page 4 and 5: 1. Australia’s gambling industrie
Page 6 and 7: 3. NSW Mathematics Syllabus 7-10 (2
Page 8 and 9: An eight-sided bone die made by pri
Page 10 and 11: The symbols commonly used on cards
Page 12 and 13: Created as a novelty promotion by A
Page 14 and 15: The Liberty Bell is considered to b
Page 16 and 17: What are the odds? 6. What is the p
Page 20 and 21: * The government also takes a prede
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Page 24 and 25: 8. Massachusetts State Lottery Comm
Page 26 and 27: What are the odds? iii. If all the
Page 28 and 29: Language What are the odds? People
Page 30 and 31: What are the odds? 6. Bookmakers us
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Page 34 and 35: 9. Taxation revenue, Australian Bur
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Page 38 and 39: Answers Calculating probabilities 1
Page 40 and 41: Gambling and social issues quiz Wha
Page 42 and 43: What are the odds? 3. a. racing b.

Education kit: What are the odds? - Powerhouse Museum

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